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Our Tax Technology Solutions

Cloud based technology designed to drive greater tax function effectiveness and efficiency

Legal Entity Management

A dynamic solution that manages vital company data, documents and organizational relationships.

State Apportionment

A powerful solution to streamline state and city apportionment data and calculations.

Income Tax Provision

A comprehensive income tax accounting solution designed for accuracy and simplicity.

Tax Technology BEYOND the Spreadsheet

Integrated Tax Lifecycle

The Tax Lifecycle is a continuous progression generally started with an enterprise’s annual income tax provision and continuing through the planning and forecasting phases. The process is tied to various regulatory deadlines and must be adhered to.

Tax Lifecycle PROVISION & FINANCIAL STATEMENT AUDIT EXTENSIONS ESTIMATED TAX PAYMENTS TAX COMPLIANCE TAX AUTHORITY AUDITS & DEFENSE AMENDED TAX RETURNS TAX PLANNING & REPORTING BUDGETING & FORECASTING

PROVISION & FINANCIAL STATEMENT AUDIT

At the close of every year and quarter, companies recognize income tax expense or benefit in accordance with FASB Accounting Standards Codification 740, Income Taxes (ASC 740). ASC 740 prescribes the methodology for the recognition, measurement and disclosure of income taxes.

EXTENSIONS

Due to the time constraints endured during the compressed tax accounting close, enterprises generally extend their tax compliance obligations to afford additional time to file income tax returns.

TAX COMPLIANCE

Companies prepare and file their annual income tax returns following a set of jurisdiction-based complex rules and regulations which are subject to ongoing change.

BUDGETING & FORECASTING

Due to the generally large cash outlays required during the tax year, tax obligations should be forecasted to ensure coordination with overall business operations.

TAX AUTHORITY AUDITS & DEFENSE

Tax returns are subject to the scrutiny of the various taxing jurisdictions in which a company operates or may be deemed operating.

TAX PLANNING & REPORTING

As one of the largest expenses on a company’s income statement, income tax planning is necessary to ensure obligations are met without sacrificing tax efficiency.

ESTIMATED TAX PAYMENTS

Companies need to comply with various federal, state, local and country specific rules and regulations to remit estimated tax payments periodically throughout the tax year.

AMENDED TAX RETURNS

Due to a multitude of factors, companies may be required to amend previously filed tax returns that may increase or decrease the amount of tax previously reported.

Latest News

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KPMG leader: new US firm will bolster global managed services

KPMG leader: new US firm will bolster global managed services

KPMG Law US revolves around contract managed services and the US is the largest market for that, Stuart Bedford tells ITR in an exclusive interview

Chile introduces ‘tax sustainability’ concept as ESG reporting trend gains importance

Chile introduces ‘tax sustainability’ concept as ESG reporting trend gains importance

Sandra Benedetto and Jonatan Israel of PwC Chile provide an overview of a law establishing a new legal concept that aligns taxation with ESG principles, and consider its implications for Chilean companies

Five minutes with…Robert Christoffel, Saul Ewing

Five minutes with…Robert Christoffel, Saul Ewing

The US law firm’s tax counsel tells ITR about inspirations from a ‘legendary’ German tax scholar, perfecting riesling wine and what makes tax cool

Foreign business reorganisations: unravelling the tax implications in India

Foreign business reorganisations: unravelling the tax implications in India

S Sriram and Dinesh Kukreja of Lakshmikumaran and Sridharan examine the tax consequences of foreign business reorganisations in India, including indirect transfer rules, statutory exemptions, and treaty benefits for multinational companies

This week in tax: EU tax chief ‘regrets’ Trump’s pillar two condemnation

This week in tax: EU tax chief ‘regrets’ Trump’s pillar two condemnation

Wopke Hoekstra also swore the EU would ‘hit back harder’ if faced with a trade war; in other news, a UK watchdog has launched an investigation into an audit completed by MHA

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The platform economy: challenges and tax implications under DAC7 and VAT

The platform economy: challenges and tax implications under DAC7 and VAT

Fernando Matesanz of Spanish VAT Services argues that reporting obligations for platform operators should be harmonised to prevent them from becoming ‘quasi-tax inspectors’ in a digital economy reshaped by servitisation

Import VAT in Sweden: legal uncertainty and business risks

Import VAT in Sweden: legal uncertainty and business risks

Ulrika Badenfelt and Gustaf Fornmark of KPMG Sweden highlight several court rulings, ongoing disputes between regulatory authorities, and key compliance challenges before suggesting how multinational businesses can navigate a complex VAT and customs framework

How to optimise VAT in Portuguese property transactions

How to optimise VAT in Portuguese property transactions

Effective VAT management can be achieved through utilising the option to tax on commercial property and the reverse charge mechanism, say Conceição Gamito, Rita Simão Luís, and Nídia Rebelo of Vieira de Almeida & Associados

This week in tax: EU’s tax chief rejects Trump’s critical VAT comments

This week in tax: EU’s tax chief rejects Trump’s critical VAT comments

Wopke Hoekstra implored US officials to ‘truly look into the facts’; in other news, the EU Council has reached a political agreement on DAC9

Opinion: Trump’s tariffs bluster benefits no-one, except maybe tax advisers

Opinion: Trump’s tariffs bluster benefits no-one, except maybe tax advisers

The US president’s flippant approach to international trade will cause chaos for corporations, but there are opportunities for intrepid tax advisers

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Luxembourg’s new TP rules: implications for shareholders and intra-group accounts

Luxembourg’s new TP rules: implications for shareholders and intra-group accounts

Updated rules represent a significant shift in the Luxembourg TP landscape and emphasise the need for robust arm’s-length calculations, says Vanessa Ramos Ferrin of TransFair Pricing Solutions

Webinar – Operational Transfer Pricing and SAP: insights into EXA’s standard software for IT, finance, and TP managers

Webinar – Operational Transfer Pricing and SAP: insights into EXA’s standard software for IT, finance, and TP managers

Explore the opportunities now available to achieve automated segmentation, forecasting, and price-setting – including alignment with customs value – in a webinar held in partnership between ITR and EXA AG on May 13 at 3pm BST (10am EDT, 4pm CEST)

TP issue cited as MNEs explain ICAP non-participation

TP issue cited as MNEs explain ICAP non-participation

Other reasons included the complexity of reporting, resource constraints and interactions with tax administrations

Czech Republic TP ruling branded ‘significant resource’ for taxpayers

Czech Republic TP ruling branded ‘significant resource’ for taxpayers

The ruling underscores that tax authorities must provide ‘detailed, well-supported, and logically sound justifications’ when determining reference prices in tax assessments, one expert told ITR

India: AON TP ruling ‘will act as strong precedent’

India: AON TP ruling ‘will act as strong precedent’

The court emphasised that TP analysis must adhere to the arm's-length principle, be based on the specific facts of each transaction and comply with domestic regulations, one expert says

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